CAP-XX Limited, a leading company in supercapacitor and energy management systems, has announced the signing of a Memorandum of Understanding (MOU) with SCHURTER AG to establish a strategic technology partnership. The collaboration aims to jointly develop innovative, competitive products and new application-specific solutions by combining their extensive knowledge and capabilities. SCHURTER, a Swiss technology company, will work closely with CAP-XX on joint technology development and market expansion, exploring new geographic and demographic markets and leveraging each other's technical and market expertise to enhance overall capabilities.
The MOU grants SCHURTER exclusive rights to brand label and distribute CAP-XX's supercapacitor products within SCHURTER's electromechanical markets for a binding period. While the MOU is not legally binding, the terms of any future collaboration between CAP-XX and SCHURTER are subject to a final contract, and the Exclusivity Right is binding until the end of 2029. Lars Stegmann, CEO of CAP-XX, expressed excitement about the partnership, stating that their expertise in the passive electronics market complements SCHURTER's capabilities perfectly, and together they can deliver unparalleled value to customers and drive significant growth in the market.
Lars Brickenkamp, CEO of SCHURTER AG, echoed this sentiment, emphasizing that the collaboration will enable them to innovate and offer cutting-edge solutions that are highly beneficial to their customers. The partnership is expected to provide significant mutual benefits and create value for their customers and stakeholders. CAP-XX (LSE: CPX) is known for its thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, as well as in larger applications such as automotive and renewable energy. Their supercapacitors are recognized for their very high-power density and high energy storage capacity in a space-efficient prismatic package, essential in power-hungry consumer and industrial electronics, as well as automotive and transportation applications.